EU direct taxes proposal faces strong opposition

EU direct taxes proposal faces strong opposition

Plans to introduce direct EU taxes in some areas to reduce member state contributions not welcomed by senior member states

Janusz Lewandowski, EU budget commissioner

EU proposals to levy direct taxes in areas such as financial transactions,
carbon emissions and aviation are set to be shot down after senior member states
raised concerns over tax sovereignty.

Budget commissioner Janusz Lewandowski aims to put forward the idea in
September in a bid to reduce EU member state contributions, but the proposals
have been given short shrift even by the most pro-European countries.

Germany’s coalition agreement precludes EU involvement in national taxes
while French ministers said the proposal was “ill-timed”, according to
tax-news.com.

UK Treasury minister Lord Sassoon also that the government was opposed to
direct EU taxes.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article